Bijoy Hans Limited has formally applied to BSE Limited for reclassification of four promoter group members to public category, following board approval granted during a meeting held on March 4, 2026. The company submitted the application on March 8, 2026, and provided formal intimation to the stock exchange on March 9, 2026.

Board Meeting and Initial Approval

The board meeting was conducted at the company's corporate office in Miraj, Maharashtra, from 3:00 PM to 5:00 PM on March 4, 2026. The meeting was held in compliance with Regulation 30 and 31A(8) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The board considered and approved requests from four individuals seeking reclassification from promoter group category to public category.

Reclassification Details and Shareholding

The company's formal application to BSE covers four promoter group members, all of whom currently hold zero equity shares in the company:

All four individuals submitted their respective request letters dated February 23, 2026, which were formally communicated to BSE Limited on February 24, 2026.

Regulatory Compliance Status

The board confirmed that all applicants satisfy the conditions specified in Regulation 31A(3)(b) of the SEBI Listing Regulations. Key factors supporting the reclassification include:

• None of the four individuals currently hold any equity shares in Bijoy Hans Limited
• They do not serve on the board of directors
• They hold no key managerial positions within the company
• They confirmed non-participation in company management in any capacity
• They have no special rights through formal or informal arrangements, including shareholder agreements

Application Process and Timeline

The reclassification process has progressed through several key stages. The company noted that the intent for reclassification was already disclosed in the letter of offer issued by multiple acquirers under SEBI takeover regulations, making shareholder approval unnecessary in this case. Company Secretary Guinea Agrawal digitally signed the formal intimation to BSE on March 9, 2026.

Next Steps

The reclassification approval remains subject to final approval from BSE Limited where Bijoy Hans Limited's equity shares are listed under scrip code 530457. The company will continue to comply with provisions under Regulation 31A(8)(c) and 31A(8)(d) of the listing regulations throughout the approval process.

Arogya Tech Services LLP has acquired a substantial stake in Bijoy Hans Limited through a preferential allotment, as disclosed in a regulatory filing dated March 6, 2026. The acquisition represents a significant investment by the Maharashtra-based limited liability partnership in the listed company.

Acquisition Details

The transaction involved the acquisition of 32,77,460 equity shares, representing 6.82% of Bijoy Hans Limited's total share capital. Prior to this acquisition, Arogya Tech Services LLP held no shares in the target company, making this their initial investment in Bijoy Hans Limited.

Share Capital Transformation

The preferential allotment resulted in a substantial increase in Bijoy Hans Limited's equity share capital. The company's share capital expanded significantly following the transaction.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Arogya Tech Services LLP, registered in Sangli, Maharashtra, filed the disclosure with both BSE Limited and The Calcutta Stock Exchange Limited, where Bijoy Hans Limited's shares are listed.

The acquired equity shares rank pari passu with existing equity shares of the company. Arogya Tech Services LLP confirmed that it does not belong to the promoter or promoter group of Bijoy Hans Limited.

Company Information

Arogya Tech Services LLP is registered at Plot No 327 Vasant Market, First Lane, Sangli City, Maharashtra. The disclosure was signed by Pratik Pradeep Chougule, Designated Partner of the acquiring entity. Bijoy Hans Limited maintains its compliance office at Nirvana Co Working spaces in Guwahati, Assam.